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Insider Buy Mega Buy ($1M+) September 26, 2022

BERKSHIRE HATHAWAY INC purchased ~$352M in Occidental Petroleum Corporation stock

Occidental Petroleum Corporation (OXY)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+11.4%

vs SPY +5.2%

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Insider

BERKSHIRE HATHAWAY INC

Role

Transaction

Open-Market Purchase

Approx. Value

~$352M

Trade Date

Sep 26, 2022

Company

Occidental Petroleum Corporation

Ticker

OXY

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$352M purchase

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

+11.4% in 90 days (S&P 500: +5.2%)

This trade beat the S&P 500 by 6.2 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

BH

How good is BERKSHIRE HATHAWAY INC at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On September 26, 2022, BERKSHIRE HATHAWAY INC — a corporate insider at Occidental Petroleum Corporation — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$352M in Occidental Petroleum Corporation (OXY) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, OXY returned +11.4% versus +5.2% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$352M
Insider role Insider
90-day return +11.4%
vs S&P 500 +6.2%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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